EIB Group Launches Comprehensive Plan to Boost Workplace Transparency and Well-Being

EIB Group Launches Comprehensive Plan to Boost Workplace Transparency and Well-Being

(IN BRIEF) The European Investment Bank Group (EIB Group) has launched an action plan to enhance workplace transparency, accountability, and well-being. Key elements include the creation of an independent Ombudsman, improved conflict resolution mechanisms, and better whistleblower protection. The plan was developed with input from staff representatives and addresses findings from a 2023 staff survey, which highlighted the need for better prevention and handling of misconduct. Additional measures include mandatory training on conduct policies and enhanced monitoring of workplace issues. A follow-up staff survey is planned for 2025.

(PRESS RELEASE) LUXEMBOURG, 22-Jul-2024 — /EuropaWire/ — The European Investment Bank Group (EIB Group) has introduced an ambitious action plan aimed at enhancing transparency, accountability, and workplace well-being. Central to this initiative is the creation of an independent Ombudsman function.

Developed through a collaborative process involving EIB Group staff representatives from both the European Investment Bank (EIB) and the European Investment Fund (EIF), the Action Plan underscores the fruitful cooperation between management and staff. The successful implementation of this plan will continue to depend on this collaborative effort across the organization.

The plan is a direct response to findings from a 2023 staff survey, which examined the speak-up culture within the EIB Group. The survey assessed staff awareness, confidence, and trust in the Group’s whistleblowing mechanisms. Results indicated a strong awareness of the EIB Group’s Code of Conduct and a willingness among staff to report observed misconduct, including psychological and sexual harassment, and other breaches of professional duties. However, the survey also identified areas needing improvement, such as strengthening prevention measures, enhancing reporting capabilities, protecting whistleblowers, and ensuring swift and effective handling of reported cases.

Key actions outlined in the plan include the establishment of an independent Ombudsman to offer confidential support to staff, the enhancement of mediation and rapid early action mechanisms for conflict resolution, improved procedures for handling harassment and misconduct, and better access to information for whistleblowers and affected individuals.

Additional measures include incorporating considerations of a good working environment and conflict management into the performance objectives and evaluations of managers. A 360-degree feedback survey for senior management will also be introduced. Mandatory awareness campaigns, training, and regular refresher courses on the Code of Conduct, Whistleblowing Policy, and Dignity at Work Policy will be implemented for all staff and Management Committee members. The Bank’s Human Resources Directorate will intensify its monitoring of potential workplace issues such as burn-out. Another staff survey is scheduled for 2025 to assess progress.

The EIB Group’s new action plan represents a significant step forward in promoting a transparent, accountable, and supportive workplace environment.

About the European Investment Bank

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It is active in more than 160 countries and makes long-term finance available for sound investment in order to contribute towards EU policy goals.

Media contacts:

Fabian Breuer
f.breuer@eib.org
+352 4379 – 82200

Tankler Allar
a.tankler@eib.org
+352 4379-82531

Press Office

press@eib.org
+352 43791

SOURCE: European Investment Bank